Since 2014 the civil engineering arm has racked up cumulative losses of almost \u00a3240m.<\/p>\n
At the building division, all regional businesses traded positively last year to nearly double pre-tax profit to \u00a312.7m, giving a broad\u00a0operating\u00a0margin\u00a0of\u00a0 3%.<\/p>\n
Building revenue slipped a little to \u00a3400m as it took longer to take preferred bidder schemes to site and slippage on the next phases of the New Covent Garden Market project.<\/p>\n
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<\/a><\/div>\n<\/div>\nMost regions have secured around 70% of 2019 workload, with the Midlands and London needing some more wins to meet targets for the building division.<\/p>\n
Vinci’s FM arm reported a better year with profit up around 50% to \u00a37.9m from an 8% rise in revenue to \u00a3242m.<\/p>\n
Chairman Bruno Dupety said: “2018 was a good year for the group, with a steady level of activity and a profit rate of 1.2%.<\/p>\n
“We enter 2019 with a growing order book now exceeding \u00a31bn.<\/p>\n
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<\/a><\/div>\n<\/div>\n“We have a great team across our business and we are on track for a positive 2019.”<\/p>\n
Voluntary staff turnover rates dropped by 3.3% from 15.5% in 2017 to 12.2% in 2018. Average staff headcount remained stable at 3,266, with near two thirds operational staff.<\/p>\n
Retentions held\u00a0by Vinci clients amounted to \u00a321.6m, while the firm held nearly \u00a330m in subcontractor retentions.<\/p>\n
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